Summary of Market Heat on May 10｜ETH Gains Momentum, BTC Leads in Capital
1/ ETH Ecosystem Logic Explodes
The founder of 1confirmation claims "ETH will Flip BTC," emphasizing ecosystem expansion as the main use case. However, the reality shows ETF net outflows of $38.2 million, with on-chain whales exiting at significant losses.
2/ BTC Responds with Strength
This week saw ETF net inflows of $920 million, a 48-hour accumulation of 20,000 BTC, and over 6,000 BTC net outflows from CEXs. On-chain capital remains exceptionally stable, with volatility hitting a yearly low.
3/ Market Sentiment Divided
ETH pushes narratives, TRUMP stirs up dinner party hype, MIRAI refunds excess funds after a money grab. Sentiment shows high FOMO, but fundamentals have yet to fully catch up.
4/ Risks and Opportunities Coexist
Bearish whales increase short positions on BTC/ETH, TRUMP sends another 3.5 million tokens to CEXs to replenish liquidity, and even the Meme sector experiences intense fluctuations.
Conclusion
Hot topics do not equate to trends, and narratives do not signify turning points. Capital flows are the hard logic, and operational rhythm should aim for steady progress.
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